Peterson Wealth Management Sells 15,455 Shares of SPDR S&P Dividend ETF (NYSEARCA:SDY)

Peterson Wealth Management trimmed its position in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 22.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,284 shares of the company’s stock after selling 15,455 shares during the quarter. SPDR S&P Dividend ETF makes up about 4.8% of Peterson Wealth Management’s investment portfolio, making the stock its 5th biggest position. Peterson Wealth Management’s holdings in SPDR S&P Dividend ETF were worth $7,568,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Coston McIsaac & Partners boosted its holdings in shares of SPDR S&P Dividend ETF by 0.5% in the 3rd quarter. Coston McIsaac & Partners now owns 14,489 shares of the company’s stock worth $2,058,000 after acquiring an additional 72 shares in the last quarter. Marshall Financial Group LLC raised its position in SPDR S&P Dividend ETF by 3.7% in the 3rd quarter. Marshall Financial Group LLC now owns 2,044 shares of the company’s stock valued at $290,000 after purchasing an additional 73 shares during the last quarter. Roger Wittlin Investment Advisory LLC boosted its stake in SPDR S&P Dividend ETF by 0.6% in the third quarter. Roger Wittlin Investment Advisory LLC now owns 13,100 shares of the company’s stock worth $1,861,000 after purchasing an additional 73 shares in the last quarter. WealthBridge Capital Management LLC grew its holdings in shares of SPDR S&P Dividend ETF by 1.8% during the third quarter. WealthBridge Capital Management LLC now owns 4,190 shares of the company’s stock worth $595,000 after purchasing an additional 75 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in shares of SPDR S&P Dividend ETF by 2.1% in the third quarter. M3 Advisory Group LLC now owns 3,653 shares of the company’s stock valued at $519,000 after buying an additional 76 shares in the last quarter.

SPDR S&P Dividend ETF Stock Up 0.2 %

Shares of NYSEARCA SDY opened at $143.76 on Friday. SPDR S&P Dividend ETF has a 12-month low of $118.33 and a 12-month high of $144.45. The firm’s 50-day simple moving average is $141.04 and its 200 day simple moving average is $135.52. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 19.72 and a beta of 0.68.

About SPDR S&P Dividend ETF

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years.